Arctic Oscillation Market Collapse
Unless there/s been a big mistake in reporting the data...the AO took a steep...67% nose-dive today...as the index fell 1.456 points.
Yesterday/s AO index value had soared to 2.187.... creeping toward outlier territory.
Today...there must have been a strong 'sell' signal in the global teleconnection markets...b/c the index lost 2/3 of its value as it crashed-landed @ 0.730!
Positive AO values trend to keep Arctic air bottled up at hi-latitudes. When the AO lurks below zero...the cold air often escapes into the Lower 48.
By the looks of it...AO is heading downtown for an extended stay.
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